Property Overview

This home at 121 Burland Avenue in Winnipeg's River Park South neighborhood presents a solid, mid-sized family home built in 1985. Its key appeal lies in offering above-average interior space for its immediate street while carrying an assessed value that is manageable for the area. The data suggests it's a property of practical contrasts: it feels spacious compared to its closest neighbors but sits on a smaller lot, and it represents a value-oriented entry point within a neighborhood of generally higher-priced homes.

Key Characteristics, Appeal & Ideal Buyer

The home’s 1,268 sqft living area ranks in the top 6% on its own street, meaning it offers more interior room than most comparable homes right around it. Built in 1985, it is also slightly newer than the Winnipeg average. With an assessed value of $376k, it sits comfortably around the average for its street and the city, but notably below the neighborhood (River Park South) average of $447.2k. This creates a value proposition: you get the neighborhood amenities and location for a price point that is comparatively accessible.

The trade-off is the land area. The lot of 3,870 sqft is below average for the street, neighborhood, and city. This points to a home that prioritizes indoor living space over a large yard.

This property would suit first-time buyers or growing families looking for a well-sized home in an established suburban neighborhood without paying the premium typical for the wider area. It’s also a sensible fit for value-conscious buyers who prioritize interior space and modern-ish construction (post-1980) over extensive outdoor space. The smaller lot may appeal to those seeking lower maintenance.

Frequently Asked Questions

1. How does this home’s value compare to recent sales?
According to available data, the home last sold between $300k-$350k in mid-2017. Its current assessed value of $376k is around the citywide average. This suggests it has appreciated and is now positioned at a market-rate level for Winnipeg, though still below the average for River Park South specifically.

2. Is the living space actually large for the area?
Yes, but context is important. The living area is significantly above the street's average, meaning it feels spacious compared to its direct neighbors. Compared to the entire River Park South neighborhood and Winnipeg overall, however, it is right around the average. You are getting a home that is bigger than those immediately next to it.

3. What does "below average" land area mean in practice?
The lot is smaller than most. At 3,870 sqft, it is over 1,500 sqft smaller than the neighborhood average. This typically means a more compact backyard and potentially less distance from neighboring houses. It’s a practical choice for those who want less yard work but may not suit those dreaming of a large, private outdoor space.

4. The assessed value is below the neighborhood average. Is that a red flag?
Not necessarily. It primarily indicates that this home is a more affordable option within River Park South. The assessment is in line with the street and city averages, suggesting the valuation is standard. The higher neighborhood average includes many larger or more recently built homes, so this property represents an entry point into the area.

5. How can I verify the exact historical sale price?
The site provides sold price ranges for reference. To obtain the exact, verified sale figures and full transaction history, you must request a manual lookup via email, as this data is not sourced from the MLS system available on the site.